Street signs: Adani Wilmar GMP at 40%, Asia's big IPO flops, and more

Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital

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Sundar SethuramanAshley CoutinhoSamie Modak
Adani Wilmar GMP at 40%
 
Shares of Adani Wilmar are changing hands at a premium of nearly 40 per cent ahead of its IPO. Market players said shares of the company, that owns Fortune brand edible oil, changed hands at a premium ranging between Rs 80 and Rs 90 last week. The Adani group firm has set the price band for the IPO at Rs 218-230 per share. At the top-end, the company will have a market cap of nearly Rs 30,000 crore. Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital. “The grey market

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First Published: Jan 23 2022 | 11:14 PM IST

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